I have my scanner set so that if the S&P falls a certain percentage in a short time, no alerts get triggered. I'm trading a very short time frame and I also use hard stops. Averaging in is a big no no in my trading world. Averaging is reserved for my roth world.
Oh what the hell. What good is a thread if I don't at least explain a little bit of what I'm doing. I'm looking at how much a stock falls in one minute relative to its historical 15 minute volatility, which is provided by my scanner. The mean (to me, anyway) is a 50% retracement of that one minute move. I'll hold onto around 25% of the position in case it keeps going in the right direction.
I guess I'm not too worried about sharing this, since I'm sure many traders are using similar styles.
